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Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, the Netherlands, Luxembourg, and Sweden have all repealed them. Wealth taxes survive only in Norway, Spain, and Switzerland.
I’m unsure how America specifically is relevant here.
You can call it unsupported, but the economics literature would just call you uninformed.
We do have some forms of wealth taxing, for example land or building ownership. Home leasing is the one of the few surviving methods of wealth taxing because the rent numbers are clear even over time.
Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, the Netherlands, Luxembourg, and Sweden have all repealed them. Wealth taxes survive only in Norway, Spain, and Switzerland.
I’m unsure how America specifically is relevant here.
You can call it unsupported, but the economics literature would just call you uninformed.
We do have some forms of wealth taxing, for example land or building ownership. Home leasing is the one of the few surviving methods of wealth taxing because the rent numbers are clear even over time.